Summerville home prices rise in December 2017

Summerville home prices rise in December 2017
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The median sale price of a home sold in December 2017 in Summerville rose by $14,050 while total sales increased by 16.7%, according to BlockShopper.com.

In December 2017, there were seven homes sold, with a median sale price of $181,500 – a 8.4% increase over the $167,450 median sale price for the same period of the previous year. There were six homes sold in Summerville in December 2016.

The median sales tax in Summerville for the most recent year with available data, 2015, was $862, approximately 0.5% of the median home sale price for December 2017.

The following table compares Summerville to other Charleston County cities with similar median sales prices in December 2017:

City Dec. 2017 Home Sales Dec. 2016 Home Sales % change (Total Home Sales) Dec. 2017 Median Sales Price Dec. 2016 Median Sales Price % change (Median Sales Price)
James Island 9 16 -43.8% $249,350 $263,000 -5.2%
Seabrook Island 12 10 20% $249,000 $332,500 -25.1%
Ponderosa 2 4 -50% $224,950 $210,000 7.1%
Whitehall Terrace 1 2 -50% $189,100 $372,535 -49.2%
Castlewood 1 0 $188,000 $0
Summerville 7 6 16.7% $181,500 $167,450 8.4%
Plantation Estates 2 0 $163,500 $0
North Pine Point 1 0 $160,000 $0
North Charleston 63 104 -39.4% $160,000 $134,000 19.4%
Awendaw 1 1 0% $154,000 $85,000 81.2%
Ladson 8 1 700% $136,950 $82,000 67%


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